Life Science Compliance Update

October

2016

SEC Provides Explicit Whistleblower Guidance – Hunting Season Is Now Open

Written by , Posted in Abstract, Enforcement

Robert N. Wilkey, Esq., Staff Writer for Life Science Compliance Update

The SEC’s Office of the Whistleblower recently announced that its whistleblower awards have now exceeded over $100 million including resulting in the approximately $500 million regarding financial remedies in the form of SEC fines, forfeiture, and other penalties. The Program established by Congress to incentivize whistleblowers with specific, timely and credible information about federal securities laws violations to report to the SEC, continues to be a very integral part of the SEC’s overall enforcement and compliance plan.

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